{"id":779604,"date":"2024-06-28T11:50:23","date_gmt":"2024-06-28T09:50:23","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=779604"},"modified":"2024-06-29T09:18:48","modified_gmt":"2024-06-29T07:18:48","slug":"the-16-people-holding-south-africas-future-in-their-hands","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/779604\/the-16-people-holding-south-africas-future-in-their-hands\/","title":{"rendered":"The 16 people holding South Africa’s future in their hands"},"content":{"rendered":"\n

South Africa’s progress toward a Government of National Unity (GNU) has hit a significant roadblock, with the 16 members of the ANC and DA negotiating teams regularly reaching impasses.<\/p>\n\n\n\n

Following the 2024 national election, the ANC lost its majority in parliament for the first time in the democratic era, acquiring just under 40% of the vote.<\/p>\n\n\n\n

The party thus called for a (GNU), which has been joined by 10 parties so far: the DA, IFP, PA, FF Plus, Rise Mzansi, UDM, Good, Al Jama-Ah and the PAC.<\/p>\n\n\n\n

The DA, besides the ANC, is the largest party to join the GNU.<\/p>\n\n\n

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Graphic: Seth Thorne<\/figcaption><\/figure><\/div>\n\n\n

Markets responded positively to the news of the GNU, with the rand breaking the R18.0 to the US dollar mark, while South Africa inequities experienced a substantial rally.<\/p>\n\n\n\n

However, markets have now soured on the GNU due to public fights between the DA and ANC.<\/p>\n\n\n\n

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Cabinet update: why GNU negotiations are on shaky ground<\/a><\/blockquote>